# Top 50 Health Care VC (Venture Capital) Funds in Finland in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Butterfly Ventures | 18 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Lifeline Ventures | 17 | Finland, United States, United Kingdom | Seed, Series A | Software, Health Care, E-Commerce |
| Finnvera Venture Capital | 15 | Finland, United States, Switzerland | Seed, Series A | Software, Health Care, Information Technology |
| Tesi | 15 | Finland, United States, Argentina | Series A, Series B | Software, Manufacturing, Health Care |
| Icebreaker.vc | 11 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Innovestor | 10 | Finland, Denmark, Sweden | Seed, Series A | Software, Health Care, Manufacturing |
| Voima Ventures | 10 | Finland, Norway, Sweden | Seed, Pre-Seed | Biotechnology, Health Care, Software |
| Business Finland | 9 | Finland, United States, United Kingdom | Seed, Grant | Software, Information Technology, SaaS |
| Inventure | 7 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Reaktor Ventures | 6 | Finland, Germany, United States | Seed, Pre-Seed, Series A | Software, Internet, Health Care |
| Visionplus | 5 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| Nidoco | 4 | Finland, Sweden, Estonia | Seed, Series B | Health Care, Software, Artificial Intelligence |
| VTT Ventures | 4 | Finland | Seed, Series A | Manufacturing, Biotechnology, 3D Technology |
| Oy Hammaren & Co Ab | 4 | Finland | Angel, Series A | Health Care, Wellness, GreenTech |
| Springvest | 4 | Finland | Series A | Biotechnology, Health Care, Energy |
| M Ventures | 3 | United States, Switzerland, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| First Fellow Partners | 3 | Finland, United States, Estonia | Seed, Series A | Software, SaaS, Enterprise Software |
| Cor Group | 3 | Finland | Seed, Pre-Seed, Series A | Health Care, Medical, Biotechnology |
| Sitra | 3 | Finland, The Netherlands | Series A, Series C | Health Care, Biotechnology, Therapeutics |
| Capricorn Partners | 2 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Karolinska | 2 | Sweden, Denmark, United States | Seed, Series A | Biotechnology, Health Care, Pharmaceutical |
| Gorilla Capital | 2 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, SaaS |
| Conor Venture Partners | 2 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| HealthCap | 2 | United States, Sweden, France | Series B, Series A | Biotechnology, Health Care, Medical |
| Athensmed | 2 | Finland | Seed, Series A | Health Care, Medical, mHealth |
| Metsola Ventures | 2 | Finland | Series A | Medical, mHealth, Health Care |
| Superhero Capital | 2 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Novartis Venture Fund | 2 | United States, Switzerland, United Kingdom | Series B, Series A, Series C | Biotechnology, Health Care, Therapeutics |
| European Investment Bank | 2 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| Pontos Group | 2 | Finland |  | Genetics, Hospital, Automotive |
| Novo Holdings | 2 | United States, Denmark, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| EQT life science | 2 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| Nina Capital | 2 | United States, United Kingdom, Austria | Seed, Pre-Seed, Series A | Health Care, Artificial Intelligence, Medical |
| Broadview Ventures | 2 | United States, Israel, Denmark | Series A, Seed, Debt Financing | Health Care, Biotechnology, Medical Device |
| Maki.vc | 2 | Finland, Germany, United Kingdom | Seed, Series A | Software, SaaS, E-Commerce |
| Sofinnova Partners | 2 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Vesalius Biocapital Partners | 2 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Cascara Ventures | 1 | Germany, Finland, The Netherlands | Series A, Seed, Series B | Medical, Health Care, Biotechnology |
| Zhejiang Huahai Pharmaceutical | 1 | China | Series A | Biotechnology, Medical Device, Pharmaceutical |
| Takoa Invest | 1 | Finland, Israel | Seed, Series B, Series C | Biotechnology, Mobile, Retail |
| Inveni Capital | 1 | Finland, United Kingdom |  | Medical, Health Care, Biotechnology |
| High-Tech Grunderfonds | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |
| Bold Capital Partners | 1 | United States, Hong Kong, Canada | Series A, Seed, Series B | Health Care, Software, Biotechnology |
| IPF Partners | 1 | Finland, United States, United Kingdom | Series B, Series C | Health Care, Medical, Hospital |
| Spintop Ventures | 1 | Sweden, Finland, Denmark | Seed, Series A | Software, Information Technology, SaaS |
| Emerald Technology Ventures | 1 | United States, Germany, Canada | Series B, Series A | Manufacturing, Energy, Software |
| Way to Wellville | 1 | United States, Finland | Series B, Series A | Software, Health Care, Medical |
| Gerresheimer Glas | 1 | Finland | Seed | Health Care, Medical Device |
| Volvo Cars | 1 |  |  |  |
| Heraeus | 1 | Germany, Finland, Switzerland | Seed, Series A | Biotechnology, Manufacturing, Therapeutics |

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